Blair William & Co. IL Acquires 1,781 Shares of Prudential Financial, Inc. $PRU

Blair William & Co. IL raised its holdings in shares of Prudential Financial, Inc. (NYSE:PRU) by 6.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,554 shares of the financial services provider’s stock after purchasing an additional 1,781 shares during the quarter. Blair William & Co. IL’s holdings in Prudential Financial were worth $3,068,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of PRU. Mainstay Capital Management LLC ADV boosted its holdings in Prudential Financial by 108.4% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 40,171 shares of the financial services provider’s stock worth $4,316,000 after acquiring an additional 20,896 shares during the last quarter. Vontobel Holding Ltd. boosted its holdings in shares of Prudential Financial by 7.2% in the 2nd quarter. Vontobel Holding Ltd. now owns 37,348 shares of the financial services provider’s stock worth $4,013,000 after buying an additional 2,520 shares during the last quarter. Maryland State Retirement & Pension System boosted its holdings in shares of Prudential Financial by 2.6% in the 2nd quarter. Maryland State Retirement & Pension System now owns 17,237 shares of the financial services provider’s stock worth $1,852,000 after buying an additional 434 shares during the last quarter. Proffitt & Goodson Inc. boosted its holdings in shares of Prudential Financial by 12.7% in the 2nd quarter. Proffitt & Goodson Inc. now owns 871 shares of the financial services provider’s stock worth $94,000 after buying an additional 98 shares during the last quarter. Finally, REAP Financial Group LLC lifted its holdings in Prudential Financial by 70.4% during the second quarter. REAP Financial Group LLC now owns 1,113 shares of the financial services provider’s stock valued at $120,000 after purchasing an additional 460 shares during the last quarter. Institutional investors own 56.83% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Wolfe Research assumed coverage on shares of Prudential Financial in a report on Tuesday, September 16th. They set a “peer perform” rating on the stock. Morgan Stanley upped their price objective on shares of Prudential Financial from $117.00 to $118.00 and gave the company an “equal weight” rating in a report on Tuesday, October 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Prudential Financial in a report on Wednesday, October 8th. Barclays dropped their price objective on shares of Prudential Financial from $120.00 to $117.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Prudential Financial from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. One investment analyst has rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $122.27.

Prudential Financial Price Performance

Shares of NYSE:PRU opened at $101.22 on Tuesday. Prudential Financial, Inc. has a 1-year low of $90.38 and a 1-year high of $130.55. The business has a fifty day moving average price of $105.14 and a 200-day moving average price of $104.34. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.16 and a quick ratio of 0.16. The company has a market capitalization of $35.63 billion, a PE ratio of 22.44, a PEG ratio of 0.88 and a beta of 1.04.

Prudential Financial (NYSE:PRU) last announced its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $3.58 earnings per share (EPS) for the quarter. Prudential Financial had a net margin of 2.75% and a return on equity of 15.80%. The firm had revenue of $8.35 billion for the quarter. As a group, equities analysts expect that Prudential Financial, Inc. will post 14.36 EPS for the current fiscal year.

Prudential Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 11th. Shareholders of record on Tuesday, August 19th were paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date was Tuesday, August 19th. Prudential Financial’s payout ratio is currently 119.73%.

Insider Activity

In other Prudential Financial news, EVP Ann M. Kappler sold 4,000 shares of the business’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $109.65, for a total transaction of $438,600.00. Following the completion of the sale, the executive vice president directly owned 21,506 shares in the company, valued at $2,358,132.90. The trade was a 15.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.25% of the stock is currently owned by corporate insiders.

Prudential Financial Company Profile

Prudential Financial, Inc, together with its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through PGIM, Retirement Strategies, Group Insurance, Individual Life, and International Businesses segments.